The global diesel fuel market is expected to gain impetus from the growth of on-road fleet of trucks, buses, and cars. This information is published in an upcoming report by Fortune Business Insights, titled, “Diesel Fuel Market Size, Share and Global Trend By End-Use (Cars, Trucks, Military Vehicles, Heavy Off-Road Vehicles, Ships, Generators, Others) and Geography Forecast till 2027.” The report further states that the absence of power grid structure and increasing usage of electricity in various developing countries would propel the sales of diesel generators. It would, in turn, impact the diesel fuel market growth during the forecast period.
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The report provides the diesel fuel market trends, growth drivers, obstacles, a Porter’s five force analysis, and saving opportunities. It highlights a SWOT analysis and an overview of the key suppliers. Our team of skilled analysts gathers the highly accurate information on the bases of primary and secondary research tools and techniques.
Fortune Business Insights lists out some of the reputable organizations operating in the diesel fuel market. They are as follows:
- JSC Mozyer Oil Refinery
- Pertamina and Mangalore Refinery and Petrochemicals Limited
- Conoco Phillips
- Husky Energy
- Viru Keemia Grupp AS
- Saudi Aramco
- McDermott International Inc.
Key Market Driver – Growth of the transportation industry
Key Market Restraint – Increasing promotion and sales of electric vehicles
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Increasing Vehicle Capacity in the U.S. Army to Favor Growth in North America
The diesel fuel market is geographically segregated into North America, the Middle East and Africa, Europe, Latin America, and Asia Pacific. Amongst these regions, North America at present, holds maximum share in the military expenditure. It is mainly propelled by a rise in the vehicle capacity in the U.S. army. Also, sale of other vehicles is rising rapidly in this region. It would boost the diesel fuel market share of this region during the forthcoming years.
Europe, on the other hand, houses a growing and well-established manufacturing sector that is driven by steel, chemical, and other similar industries. It is increasing the rate of exports which, in turn, is leading to a steady growth of the transport sector. This would contribute to the market growth in this region. Asia Pacific would exhibit a notable growth in the upcoming years owing to a rise in the fleet of heavy vehicles as well as increasing sales of new vehicles. China is considered to be one of the largest exporters of various goods and it will also contribute to growth.
The Middle East and Africa are completely dependent upon the imports of numerous goods. It will fuel the market growth in this region. Water transport is the most convenient and economical mode of transportation here.
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Key Segmental Overview:
1. By End-User
- Military Vehicles
- Heavy Off-Road Vehicles
2. By Geography
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
Major Table of Content For Diesel Fuel Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Naphtha Market Analysis, Insights and Forecast, 2027
- North America Naphtha Market Analysis, Insights and Forecast, 2027
- Europe Naphtha Market Analysis, Insights and Forecast, 2027
- Asia Pacific Naphtha Market Analysis, Insights and Forecast, 2027
- Middle East and Africa Naphtha Market Analysis, Insights and Forecast, 2027
- Latin America Naphtha Market Analysis, Insights and Forecast, 2027
- Competitive Landscape
- Company Profile
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Market.
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